Day: November 30, 2022

Animoca Brands to Launch $2 Billion Metaverse Fund

Blockchain video game developer Animoca Brands aims at establishing a well-heeled specialized fund to facilitate metaverse projects.  Animoca Brands plans to launch a $2 billion fund to invest in metaverse businesses, according to the company’s co-founder and executive chairman Yat Siu. In addition to focusing on digital property rights, Siu said that the Animoca Brands metaverse fund would develop the ecosystem. Furthermore, the Hong Kong-based game software, and venture capital platform, also seeks to provide opportunities to access Web3 companies. The Animoca metaverse fund, known as Animoca Capital, looks to embark on…

European Central Bank says bitcoin is on the ‘road to irrelevance’

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The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank gave a strong critique of bitcoin on Wednesday, saying the cryptocurrency is on a “road to irrelevance.” In a blogpost titled “Bitcoin’s last stand,” ECB Director General Ulrich Bindseil and Analyst Jürgen Schaff said that, for bitcoin’s proponents, the apparent stabilization in its price this week “signals a breather on the way to new heights.” related investing news Why Cathie Wood thinks bitcoin will still hit…

Tron Price Prediction for 2022, 2023 to 2030

TRX is one of the legacy digital currencies around today but which have also been impacted by the ongoing crypto winter. The digital currency ecosystem has evolved over the years and despite the twists and turns, it has become a self-sustaining industry where users earn both passive and active from. The industry’s growth has seen the emergence of unique avenues to make money including staking, mining, yield farming, lending, and borrowing. Besides these established avenues for earning profits, newer ways are emerging featuring blockchain gaming. In this reality, users are…

Eurozone Inflation Receding and Now Pegged at 10%

The cost of living crisis was a major challenge for the region this year as it attempted to bring down energy costs. As the year is wrapping up, the efforts of the European Central Bank (ECB) to curtail the growing surge in inflation within the Eurozone seem to be yielding good fruits. Preliminary readings from Eurostat, the statistical office of the European Union, show that inflation is pegged at 10%, a figure that is lower than the 10.6% reported in October this year. Despite the slowing pace, key aspects of…

Texas Securities Regulator Summons SBF to February 2 Hearing

The regulator is pursuing a cease and desist order against FTX, Administrative Fines, and a refund of the assets received from investors amongst other demands. In an ongoing effort to uncover the mishaps that befell the FTX empire, the Texas State Securities Board (TSSB) has summoned Sam Bankman-Fried to a hearing billed to take place on February 2 next year. The TSSB has reportedly been investigating FTX US since October for allegations bordering on its offering of “Earn” which pays yields to its customers. While Sam Bankman-Fried has long been…

Digital Dollar Could Streamline Settlements, DTCC Says

“This new initiative represents the essence of innovation … we should expect digital transformation to reshape markets and market structure in the coming years,” DTCC Managing Director Jennifer Peve said in a statement, referring to a program carried out with the nonprofit Digital Dollar Project and major banks such as Citigroup (C), Bank of America (BAC) and State Street (STT) to test the use of a digital dollar in financial markets. Source

Trading Technologis Expands Coverage to Four APAC Exchanges

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Trading Technologies (TT), a provider of professional software for traders, announced on Wednesday that it is extending its market coverage by adding four popular exchanges from the Asia-Pacific (APAC Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local…

Crypto Exchanges Huobi, Poloniex to Form ‘Strategic Partnership’

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